Wealth Management & Financial Planning

Wealth Management & Financial Planning

“Best Of 2020” Consider This Program 12-29-20

Host Joe Clark, CFP and Co-host Angi Kinser, Grant Soliven, Adam Harter

In this week’s episode, we will cover:

  • The ways to teach your children healthy money habits
  • How to know if we are really in a recession or not
  • Understanding how to harvest losses
  • How annuities actually work

Financial Tidbits

  • “Habits make up about forty percent of our lives.” -Joe
  • “We trade our energy and time for a paycheck.” -Joe
  • “Anytime you have debt, you are borrowing from the future.” -Joe
  • “If a CFA can’t tell you what you own, then you have no business in buying it.” -Joe

In This Episode:

  • Successful Habits To Teach Your Children
  • [ 6:05 ] The four jars to teach your children about money
  • [ 20:40 ] Teaching your children about the Roth IRA
  • A Lesson About Recessions
  • [ 1:40 ] How do we know if we are in a recession?
  • [ 4:10 ] How can you prepare for a recession?
  • [ 6:25 ] Household debt during a recession
  • Understanding How To Harvest Losses
  • [ 2:55 ] How it works
  • [ 7:10 ] How the CARES Act affects capital losses
  • How Annuities Actually Work
  • [ 1:45 ] The hidden fees in an annuity
  • [ 4:45 ] What if you already have an annuity
  • [ 7:25] Choosing your asset model

Links Mentioned: 

Disclaimer: Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. Everything in this post is meant for educational and entertainment purposes only. I or my affiliates may hold positions in securities mentioned in the blog. Please see our Disclosure page for the full disclaimer.

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